The invention belongs to the technical field of inorganic photochromic functional luminescent materials and particularly relates to a fluorophosphate reversible photochromic material and a preparation method thereof. The fluorophosphate reversible photochromic material provided by the invention is Sr5 x yCax z(PO4)3F: yEu<2+>, zR<3+>, wherein R is a rare earth element doped into a matrix material and is Y, La, Ce, Pr, Nd, Sm, Gd, Tb, Dy, Ho, Er, Tm, Yb or Lu; y is the doping mol amount of Eu<2+> and is larger than 0 and smaller than or equal to 0.1; z is the doping mol amount of R<3+> and is larger than or equal to 0 and smaller than or equal to 0.1; and x is 1, 2, 3 and 4. The fluorophosphate reversible photochromic material provided by the invention has the advantages of high fatigue resistance, low preparation raw material cost, low requirement on equipment, simple and easy preparation process, high repeatability and high stability of the obtained product and can be widely applied to the fields such as optical information storage, light control, optical device material, sensors, anti-counterfeit field and autoradiography holographic recording.